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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. When buyers move into their new house, they see that the ceiling fan in the dining room is gone. The ceiling fan was not mentioned in the offer to purchase. Did the sellers have the right to take the ceiling fan?

A) Yes, because it was the sellers' personal property.
B) Yes, because it was not referenced in the contract.
C) No, because it was a fixture in the house.
D) No, because it was chattel.

2. The primary intent of the statute of frauds is to:

A) reduce real estate contracts to writing.
B) protect the rights of buyers who are disabled.
C) protect licensees from fraudulent activity.
D) enforce oral agreements beyond 1 year.

3. A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer:

A) can force the seller to correct the defect.
B) must go through with the purchase because the house is being sold as is.
C) can reduce the contract sales price by the cost of correcting the defect.
D) can void the contract due to the seller's failure to disclose the latent defect.

4. A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:

A) market allocation
B) apostille
C) price-fixing
D) consumer protection

5. Which of the following actions is a function of a municipal planning board?

A) Approving a variance for an addition to a garage on a residential property
B) Unilaterally approving subdivisions in a jurisdiction
C) Creating a master plan for all the land in a particular county
D) Prescribing and controlling the development and use of all land in a municipality

Solutions: